The pair rose slightly yesterday to hit the initial resistance level around 128.90 to notice the price return to form bearish wave to settle around the moving average 55 at 127.80

Breaking below the moving average 55 is requires to reach the suggested targets in the previous report around 126.60, we notice that Stochastic supports our negative overview for the near trading by breaking below 20 attempting to settle in the oversold level.

Expected trading range is between 128.50 and 126.60

Expected trend for today: bearish 

The pair’s trading continued in sideways range until this moment to remain stable below 152.00 waiting for reaching the previously suggested target around 150.00, carefully note that breaking below the initial support 150.00 will increase the negative momentum to achieve 148.60

Stochastic trades below 50 level to support the domination of the bearish bias in the near period.

Expected trading range is between 151.50 and 150.00

Expected trend for today: bearish

Platinum provides bearish bias after attempting to breach above 50% Fibonacci to record 1460.00 which represents the first target in the previous report.

The continuation of the bearish bias domination is expected in the upcoming period to achieve 1440.00 then 1380.00, noticing the decline of Stochastic from 20 level towards 50 to support the negative overview in the near period.

Expected trading range is between 1495.00 and 1400.00

Expected trend for today: bearish

Copper declined yesterday achieving 3.0400 which represents the first target in our previous report, to continue in expecting the bearish bias domination on copper’s trading in the near and medium period conditioned by the stability below the moving average 55.

We notice that Stochastic gets rid of the oversold level which assists in providing new negative momentum to reach the second previously suggested target around 2.9750.

Expected trading range is between 3.1500 and 2.9750

Expected trend for today: bearish